Best Financial Advisors in Oak Park

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.7/5.0
Average Rating

Oak Park Financial Landscape

Oak Park's economy is characterized by a mix of retail, healthcare, and education sectors. The proximity to Chicago enhances its economic vitality.

Major industries
Retail, Healthcare, Education
Population
52.1K (metro: 7.8M)
Median household income
$85,000
Unique needs
Oak Park requires tailored financial strategies due to its diverse population and proximity to urban economic shifts.
Market Insights
Economic Growth
According to BEA (2023), Oak Park's economy has shown steady growth, driven by local retail and healthcare sectors.
Wealth Demographics
According to Census (2023), the median income in Oak Park stands at $85,000, reflecting a diverse and affluent community.
Advisor Specializations
Based on BLS (2023), financial advisors in Oak Park are increasingly focusing on retirement planning and real estate investment.
Local Considerations
Cost of Living
According to BLS (2024), Oak Park's cost of living is slightly above the national average, influenced by housing and transportation costs.
Real Estate Market
According to Zillow (2024), Oak Park's real estate market is competitive, with home values appreciating steadily, raising concerns of a potential bubble.
Business Environment
According to Fortune (2024), Oak Park offers a supportive business climate, with incentives for small businesses and a focus on community development.

Top 5 Financial Advisors in Oak Park

Edward Jones - Financial Advisor: James A Kingsley, CFP®|AAMS®
★ ★ ★ ★ ★ 5
G/R Wealth Management Group, LLC
★ ★ ★ ★ ★ 5
Stonebrook Capital Management
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Joe O'Krepky, CFP®
★ ★ ★ ★ ★ 5
Edward Jones - Financial Advisor: Keon Long
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Oak Park, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Oak Park-Specific Expertise
For Oak Park residents working in Retail, Healthcare, Education, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Oak Park's reliance on retail and education poses economic risks; housing prices may bubble due to demand. Monitor flooding risks and diversify investments.

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Find Financial Advisors in Nearby Cities

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